n the first part of this paper we present a spatially structured dynamic economic growth model which takes into account the level of pollution and a possible taxation based on the amount of produced pollution. In the second part we analyze an optimal harvesting control problem with an objective function composed of three terms, namely the intertemporal utility of the decision maker, the space-time average of the level of pollution in the habitat, and the disutility due to the imposition of taxation.
Dynamics and optimal control in a spatially structured economic growth model with pollution diffusion and environmental taxation / S. Aniţa, V. Capasso, H. Kunze, D. La Torre. - In: APPLIED MATHEMATICS LETTERS. - ISSN 0893-9659. - 42(2015 Apr 01), pp. 36-40. [10.1016/j.aml.2014.11.001]
Dynamics and optimal control in a spatially structured economic growth model with pollution diffusion and environmental taxation
V. CapassoSecondo
;D. La TorreUltimo
2015
Abstract
n the first part of this paper we present a spatially structured dynamic economic growth model which takes into account the level of pollution and a possible taxation based on the amount of produced pollution. In the second part we analyze an optimal harvesting control problem with an objective function composed of three terms, namely the intertemporal utility of the decision maker, the space-time average of the level of pollution in the habitat, and the disutility due to the imposition of taxation.File | Dimensione | Formato | |
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